Russia stops short of top 20 Doing Business goal

bne IntelliNews October 24, 2019

Russia is ranked 28th in the latest 2019 edition of the World Bank’s Doing Business report, falling just short of the goal set by the President Vladimir Putin to enter the top 20 of the business environment rating.

CAPITAL ECONOMICS: Russian retail sales set for a tepid recovery

Liam Peach of Capital Economics in London October 23, 2019

The weakness in Russian retail sales looks close to bottoming out, but any turnaround will be modest. This is one reason to think that the overall recovery in GDP growth will be weak and that the central bank’s easing cycle is likely to be deeper tha

Russia accounts for 97% of the trade in the EEU

Sam Bhutia of Eurasianet October 23, 2019

Russia dominates the trade within the Eurasia Economic Union (EEU). In 2018 trade with Russia accounted for 96.9% of all trade within the Eurasian Union; trade among the four smaller countries accounted for the remaining 3.1%.

30 years after fall of Berlin Wall Pew poll finds progress but a values fault line lies across Europe

Ben Aris in Berlin October 22, 2019

With the 30th anniversary of the fall of the Berlin Wall due in November the Pew Research Center has released a report looking at how attitudes to democracy, liberal values and market economies have developed in the last 30 years.

Russia's Watcom shopping index extends gains over the summer, but only because people are feeling poor

Ben Aris in Berlin October 22, 2019

The mild recovery in foot traffic in Moscow’s leading shopping malls extended gains that began at the start of summer, as retail turnover results for all of Russia also picked up in the third quarter of this year.

Russian petrochemical giant Sibur produces first polyethylene from its own feedstock at ZapSibNeftekhim

bne IntelliNews October 21, 2019

After the ramp-up to its full capacity, the ZapSibNeftekhim petrochemical facility will manufacture 1.5 mt of polyethylene per year, making it Russia’s largest polymer production facility.

Rosneft builds base in Arctic

Newsbase October 21, 2019

Rosneft has won subsoil rights to a new oil and gas block in the north of the Krasnoyarsk region, consolidating its position in the Arctic.

Russian government to sell minority stake in Aeroflot carrier

bne IntelliNews October 21, 2019

Russia’s Ministry of Economic Development is considering proposing a 1.17% minority stake in national air carrier Aeroflot to private investors by 2022.

Russia's Ozon online retailer launches express delivery

bne IntelliNews October 18, 2019

Russian e-commerce major Ozon launched a new express delivery “Supermarket” service that will deliver food and grocery in under 40-60 minutes in some Moscow districts, Vedomosti daily reported on October 17 citing the representatives of the company.

New players pour $2bn into Russian crab auctions

bne IntelliNews October 18, 2019

Russian authorities have held auctions for crab fishing quotas, raising RUB99.5bn ($1.5bn) for the auctions in the North basin and RUB42.8bn for the Far East basin.

Driverless cars of Russian Yandex hit 1mn miles mileage mark

bne IntelliNews October 18, 2019

Driverless vehicles developed by Russian internet major Yandex have hit 1mn miles of test drive mileage in Russia, the US, and Israel, the company announced on October 17, and confirming previous reports by bne IntelliNews.

Putin's trust rating slips again but popularity remains high

Ben Aris in Berlin October 18, 2019

The Russian leader's "trust rating" has fallen again. It was down to 39% in September from 40% in June, after a summer of violent protests over the Moscow City election that saw unprecedented police brutality, says the Levada Center.

Aeroflot's lowcoster Pobeda, fastest growing but could hike prices on flights to Russia

Vadim Dumes in Paris October 17, 2019

Russia’s budget Pobeda airline, a subsidiary of Russian national air carrier Aeroflot, is the fastest growing airline in Europe and wants to boost prices for flights to Russia, Vedomosti daily reported.

IMF inches Russian GDP forecast down to 1.1% in 2019

bne IntelliNews October 17, 2019

The International Monetary Fund (IMF) cut Russia’s growth forecast for the third time this year to 1.1% from the previous 1.6%, the fund said in its latest World Economic Outlook update for October 2019. The GDP growth is expected to recover to 1.9%